STOCK MARKET TODAY: 16TH JULY 2012

Stock Market Today

NIFTY SPOT LEVEL: 16^TH JULY 2012

Monday trading is expected between the broad levels of 5185-5285. If the market breaches the level of 5255 on the upper side then the next resistance level will be 5285. But if nifty breaches the support level of 5200 then it may go down till the level of 5185.

SUPPORT LEVELS

Support 1: 5200

Support 2: 5185

RESISTANCE LEVELS

Resistance 1: 5255

Resistance 2: 5285

BANK NIFTY FUTURES: 16^TH JULY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10475-10770. Bank nifty futures can go down till the level of 10475 once it breaks the level of 10530. On the opposite side once breaking the level of 10675, it is expected to go upward till the level of 10770. Bank nifty will be trading between the narrow ranges of 10530-10770.

SUPPORT LEVELS

Support 1: 10530

Support 2:  10475

RESISTANCE LEVELS 

Resistance 1: 10675

Resistance 2: 10770

STOCK MARKET ANALYSIS: 13^TH JULY 2012

The SENSEX closed 22 points down at 17,209 and the NIFTY stood at 5,225 down by 11 points.

BSE Small-Cap index was down 0.12% while the BSE Mid-Cap index finished 0.23% down.CNX MIDCAP 50 index was down 0.37% and S&P CNX 500 was down around 0.26%.

Nifty Gainers

Today’s nifty top gainer were

• HEROMOTOCO changed 1.22% with 1, 73,631 volumes.
• TCS changed 1.06% with 36, 07,822 volumes.
• HDFCBANK changed 1.02% with 23, 77,011 volumes.

Nifty Losers

Today’s nifty top losers were

• JINDALSTEEL with volume 22, 42,583 and changed -3.80%.
• HINDALCO with volume 62, 26,238 and changed -2.40%.
• TATAPOWER with volume 26, 12,550 and changed -2.18%.

 STOCK MARKET TRADING TODAY : 16^TH JULY 2012

BUY ZYDUS WELLNESS ABOVE 464

First Target 468

Second Target 473

Stop Loss 458

BUY BATA INDIA FUTURES ABOVE 897

First Target 900

Second Target 905

Stop Loss 892

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